Many opportunities exist for selling unwanted jewellery and other gold items online for fast cash via cash for gold, dollars for gold and so forth. But extra care must be taken before selling the gold jewellery and other valuables made from silver, platinum or palladium.

Kitco Gold Index

Kitco.com is a useful online resource for those wishing to check the spot price of gold at any given time. It must be borne in mind that when the dollar weakens, it would appear that the price of gold goes up, for more dollars are required to purchase not only gold, but any commodity. When the dollar strengthens, the opposite would appear to be true. These fluctuations may give a misleading impression of the value of the gold.

To give truer reflection of gold prices, the Kitco index uses the six main currencies used worldwide to reflect the value of the US dollar index, which are:

• The UK pound
• The Euro
• The Canadian Dollar
• The Japanese Yen
• Swedish Krona
• Swiss Franc

This is an exchange rated FINEX (Financial Instruments Exchange) and is standard worldwide.

The Kitco gold index illustrates the value of the gold (as opposed to the strength of the dollar) in regards to the weight of these six main currencies.

How to Sell Scrap Gold for a Fair Price

Prior to trading gold online, it is worth taking a look at the Kitco gold index first. Most online gold traders will agree to return the valuables for free if the consumer does not think a fair price is being offered. But this is on condition that:

• The gold is authentic (not costume jewellery), in which case the consumer has to pay for their return.
• Most online gold buyers will pay for postage insurance up to the value of